Atrocious misses on the US jobs numbers and Brazilian GDP.
Turn on the printing presses. I hope its announced sooner than later.
Regardless, the SPX in the mid-1280s is in bounce territory.
Check out ECRI's (Economic Cycle Research Institute) webpage, a meaningful and knowledgable source of good information. The rest of the chief economist and their research papers can go the trash can compared to these guys.
Laksman Achutan, manager of ECRI is a very intelligent and good guy, usually nobody believes him and all his recession or recovery calls were perfect so far.
Listen to all the recent interviews with him and in general his very interesting, original and unique approach.
"The reason is US was holding up the entire world markets, US markets are still up 100% from 2009 lows."
People were saying that about the BRICs also until recently. Stimulus was propping up the whole world, not the US or BRIC markets.
Yeah I hear that. VALE has a very attractive PPS right now and good, solid fundamentals underlying. I would just lean toward EWZ, which pretty much mirrors your short list to make sure you don't get stuck with a laggard.
Why Panic Sell Now?
The reason is US was holding up the entire world markets, US markets are still up 100% from 2009 lows.
With very bad job numbers and 30/10 yr treasuries stating the things are extremely bad even in US.
When US starts the sell off all world markets will follow.
BVSP well off its morning lows despite the currency hit. Like you mentioned commodities are looking strong.
You may as well buy EWZ to eliminate the guess work. Also keep in mind that VALE has a lot of its debt denominated in USD, which is going to wack earnings.
I sold all my shares today a good 20k tuition and I will live to fight another day.
69000 jobs literally we are going into a global recxession, once the US markets starts going down you are going to see a full blown sell off.
Recession or not, the US Fed, and Brazilian Central Banks and Governments have just been granted strong mandates to stimulate. Especially now that oil has dropped so precipitously.
One month of bad jobs numbers is an anomaly. Two months is a trend.
Gold and silver traders got the message loud and clear.
DAX and US futures coming off their lows. Spanish markets holding up surprisingly well.
Silver flipped green. I heard a commenter this morning on the radio saying he strongly expected QE-3 if job numbers came in under 150,000.
The Brazil GDP drop leaves the door wide open to more stimulus there, especially since Brazilian debt-GDP dropped significantly yesterday and GDP missed so badly.
I think we hit an intermediate-term bottom in PM today. I felt my blood run cold when I turned on my PC this morning for the first time in a while.